--/1Question 13View PoliciesCurrent Attempt in ProgressA company purchases 15000 pounds of materials. Thematerials price variance is $9000 favorable. What is thedifference between the standard and actual price paid forthe materials?O $0.60O $1.67O $9.00O $1.00hp12f10fg144f8f716154+

Given:Actual Materials purchased = 15,000 poundsMaterial Price Variance = $9000 FavourableMaterial…

Answered: --/1 Question 13 View Policies Current…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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QS 25-16 (Algo) Pricing using total cost LO P6 Garcia Company sells snowboards. Each snowboard requires direct materials of $115, direct labor of $45, variable overhead of $60, and variable selling, general, and administrative costs of $18. The company has fixed overhead costs of $665,000 and fixed selling. general, and administrative costs of $117,000. It expects to produce and sell 11,500 snowboards. What is the selling price per unit if Garcia uses a markup of 10% of total cost? (Do not round your intermediate calculations. Round your final answer to nearest whole dollar amounts.) Selling price $ 68 per unit
ic raw lill D Q Problem 11-22 (Algo) Special Order Decisions [LO11-4] Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 42,000 Rets per year. Costs associated with this level of production and sales are given below: A N Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling expense Fixed selling expense Total cost Rets per year. The Rets normally sell for $60 each. Fixed manufacturing overhead is $378,000 per year within the range of 35,000 through 42,000 Required: 1. Assume that due to a recession, Polaski Company expects to sell only 35,000 Rets through regular channels next year. A large retail chain has offered to purchase 7,000 Rets if Polaski is willing to accept a 16% discount off the regular price. There would be no sales commissions on this order; thus, variable selling expenses would be slashed by 75%. However, Polaski Company would have to purchase…
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AE 1 -Evaluate production constraint decisions using quantitative factors and assess special order decisions Rainbow Company produces the following types of paint: RED $50.00 $20.00 4 Selling Price per can Variable cost per can Product mix Direct material W (kg) per can 3kg Fixed manufacturing costs are $1,400,000 for the month BLUE $65.00 $25.00 4 5kg YELLOW $60.00 $25.00 4 7kg PINK $55.00 $20.00 8 5kg (a) Compute the contribution margin per can of each type of paint and the weighted contribution margin (b) Compute the contribution margin per direct material W. Determine which type of paint will have the highest contribution margin per direct material W (c) What is the breakeven number of cans per month? Show the breakeven quantity by the type of paint (d) Total production capacity = 80,000 cans per month for all types of paint Current production of BLUE paint in a month =13,000 cans Rainbow Company receives a special order from Wonder Company to purchase 2,000 cans of SKY BLUE paint…
4-Principles of Management courses / BUSS 104-1-20202/ MAKEUP TEST SCHEDULED FOR The 06-05-2021 from 11:00 to 12: Noon) Total Variable cost is 490,000 OMR total units sold is 7000 units, total fixed cost is 80000 OMR,describe the production costs in the equation form Y = f + vX. Select one: O a. Y = 80000 + 100X %3D O b. Y = 80000 + 150X Oc. Y 80000 + 70X O d. Y = 80000 + 40X Clear my choice ge Next page
Question 3.1.4 Total contribution margin and operating profit (loss), if the selling price increases by 10% and advertising costs increases by R20 000
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